Which is better, to enforce strict rules or to have a more relaxed take on things? As a new dad, I have often been asked on how I intend to raise and discipline my child. My usual answer is simple - "I will not be a strict parent". This is because modern studies show that overly strict parents have a higher risk of raising a child with delinquent behavior.

Now, let's get down to business. For many year, harsh rules on the imposition of interest were enforced by tax authorities in case of non-payment or delayed payment of tax. The National Internal Revenue Code (NIRC) of 1997, as amended, mandates the imposition of two types of interest on any unpaid amount of tax: deficiency interest and delinquency interest.

Section 249 (B) of the NIRC imposes a 20 percent per annum deficiency interest for any unpaid deficiency tax due which is computed starting from the date prescribed for its payment until the full payment thereof.

When interest becomes interesting